# Hon Hai and Stellantis agree to $80 million joint venture

Taiwan-based Hon Hai Precision Industry Co. and multinational auto manufacturer Stellantis NV will set up an $80 million joint venture, with the deal expected to be signed as early as October 31, 2021.

- Type: Acquisition
- Announced: 2021-08-24
- Value: $80.0M
- Status: announced
- Products: automotive joint venture
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md) (partner)
- [Hon Hai Precision Industry Co., Ltd.](https://endata.com/companies/17449.md) (partner)

## Sources

- [focustaiwan.tw](https://focustaiwan.tw/sci-tech/202108240007), 2021-08-24: "Hon Hai, Stellantis agree to US$80 million joint venture deal"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.